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Dec 8, 2012
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. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married. the irs says you're not married as far as we're concerned she got hit with a tax bill of $363,000. >> we'll leave it there. many thanks. nbc's pete williams. now let's get right to our panel tonight. democratic strategic jimmy williams. wabz radio talk show host mark seimone and washington times opinion writer cari picket. we have a number of topics to chew on this evening. let's begin with the breaking news out of the scouupreme cour and a legal challenge major implications for federal and private benefit payments. cari, let me go to you first and get your first reaction to this. federal versus state. constitutional liberty and rights. the end of the doma act. how do you see this? >> one of the first things that usually comes to my mind when i think about prop 8 was that you had the people of california, they looked at
. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married. the irs says you're not married as far as we're concerned she got hit with a tax bill of $363,000. >> we'll leave it there. many thanks. nbc's pete williams. now let's get right to our panel tonight. democratic strategic jimmy williams. wabz radio talk show host mark...
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Dec 21, 2012
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this year, warmest new york city is over a hundred years. we have terrible storms. everywhere in the country got bizarre weather. you have any vision of looking out and saying, is it another bizarre year next year? >> most businesses do plan off of last year. unfortunately from a weather perspective, that typically just doesn't occur. we have one of the warmest winters and least snow in 50 years. today is the first day of winter earn it feels like it. we will get colder. i would expect businesses to see a lot more cold and snow than last year. favorable for seasonable items and hopefully people will see snow blowers under the tree this christmas. >> evan, keep warm, sir. >> happy holidays. >> things that make you go hmmm. think your job is hard, you've got nothing on santa. take a look at who gistilogisti would take for us to do his job. it would take 712 million workers to deliver 760 million pounds of gift. >> what can red and white do for you? is that new motto? >> a lot. >> coming up, final round of our fierce competitor series. today's brawl. me versus harwood.
this year, warmest new york city is over a hundred years. we have terrible storms. everywhere in the country got bizarre weather. you have any vision of looking out and saying, is it another bizarre year next year? >> most businesses do plan off of last year. unfortunately from a weather perspective, that typically just doesn't occur. we have one of the warmest winters and least snow in 50 years. today is the first day of winter earn it feels like it. we will get colder. i would expect...
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Dec 27, 2012
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i see the major cities, san francisco, los angeles, philadelphia, new york, rentals are getting much more expensive so you'll see people getting two bedrooms and sharing it with somebody instead of getting a one bedroom by themselves, that's a difference and still have the people living at home but the first-time buyers are still having problems. still tough to get a mortgage, and it's going to stay that way. >> and we might also lose the deduction. what are clients saying to you guys about the potential loss or cut of the mortgage interest deduction. >> that would be stupid. >> i'm sorry, go ahead. >> hasiam? >> yeah, that seems to be very unlikely given the broad nature of that tax credit for the u.s. population. but i think to your point about the rental market, what's interesting about this recovery is that you have lifestyle choices being made. people wanting to rent, wanting to be near work and urban areas versus what we've seen in the past and that reduces the speculative buying on the foresale side of the equation which i think is actually very favorable for the long-term pro
i see the major cities, san francisco, los angeles, philadelphia, new york, rentals are getting much more expensive so you'll see people getting two bedrooms and sharing it with somebody instead of getting a one bedroom by themselves, that's a difference and still have the people living at home but the first-time buyers are still having problems. still tough to get a mortgage, and it's going to stay that way. >> and we might also lose the deduction. what are clients saying to you guys...
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Dec 11, 2012
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anthony is at the nymex in new york. let's start with you. if stocks are rallying in hopes of some sort of fed action why wouldn't that extend to gold as well? >> i think what's happening with gold is it's separating itself in the fed meeting. its focus is on what's happening with the fiscal cliff. you saw that a few minutes ago. when speaker boehner talked gold actually -- it was a negative reaction of what's coming out of washington. gold bounced off its lows. yesterday we had positive news out of washington and gold was lower. the market seems to be reacting -- gold market seems to be reacting to what's coming out of washington good or bad. >> rich, do you feel a resolution to the fiscal cliff would be bad for fwoeld? what are the levels you're watching? >> i think short term it would be bad for gold. you'd probably see the market drop and retest that 200-day moving average. i did a little impromptu jury on the way up here. out of ten guys everybody seems to be a little long. i think that's market sentiment. people have positions on. now w
anthony is at the nymex in new york. let's start with you. if stocks are rallying in hopes of some sort of fed action why wouldn't that extend to gold as well? >> i think what's happening with gold is it's separating itself in the fed meeting. its focus is on what's happening with the fiscal cliff. you saw that a few minutes ago. when speaker boehner talked gold actually -- it was a negative reaction of what's coming out of washington. gold bounced off its lows. yesterday we had positive...
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Dec 5, 2012
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i think that new york is new york, you know, it's survived a lot. i think there's some, you know, candidates out there that i think will be good for the city, hopefully. and people always question that, you know, when there's uncertainty. but i think he's laid the ground work for new york to continue to grow and i think that's the important thing that this administration has really accomplished. >> so ask everyone about washington, what's going on there. i could say fiscal cliff, but even i'm getting tired of it. what about what goes on in washington? in the back of your mind, did it have anything to do with? >> as real estate, we're just a byproduct of the economy. and people, there's so much uncertainty out there today, and people aren't going to make major long-term decisions until they know what's really going on. so i think it drives everything today, you know, what's going on in washington and, you know, with this fiscal cliff and, you know, what the impact will be of it. >> well, it's an important point. how is the project funded? where did y
i think that new york is new york, you know, it's survived a lot. i think there's some, you know, candidates out there that i think will be good for the city, hopefully. and people always question that, you know, when there's uncertainty. but i think he's laid the ground work for new york to continue to grow and i think that's the important thing that this administration has really accomplished. >> so ask everyone about washington, what's going on there. i could say fiscal cliff, but even...
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Dec 13, 2012
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i'm maria bartiromo at the new york stock exchange. it's a case of what the fed and fiscal cliff follies for the stock market today, bill. >> sure is. welcome back. i'll bill griffith. stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve's announcement tying rate hikes to the unemployment rate. >> our next guests are here with their best ideas going into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our
i'm maria bartiromo at the new york stock exchange. it's a case of what the fed and fiscal cliff follies for the stock market today, bill. >> sure is. welcome back. i'll bill griffith. stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and...
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Dec 31, 2012
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he is joining us live from new york city. tom, welcome back, good to see you. >> thank you for having me. >> we are going to get the cliff settled one way or another, but what's in store for 2013 and the stock market? >> we think overall it will be a pretty good year for markets because we are in the fifth year of a bull market. i think a lot of the talk, michael furley talked about 50 years recovering, it is very good with the economy strengthening. and relative values restored versus high yield. but the first half will be pretty tricky. so i think it's really going to be a good second half story for equity markets. >> you have a target of 1580 for the s&p year-end and you want cyclical stocks to be the mode of investment choice for the folks watching this show. so, i mean, that sounds like risks going all the way to me. 1580, heavy cyclicals, we are off to the races. >> that's right. in fact, if you just look at how the market has acted since december 18th, we are actually down a few percentage points on the s&p. the best p
he is joining us live from new york city. tom, welcome back, good to see you. >> thank you for having me. >> we are going to get the cliff settled one way or another, but what's in store for 2013 and the stock market? >> we think overall it will be a pretty good year for markets because we are in the fifth year of a bull market. i think a lot of the talk, michael furley talked about 50 years recovering, it is very good with the economy strengthening. and relative values...
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Dec 27, 2012
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new york is getting a bad wrap for being the most expensive. there's a max in manhattan, $3 per hour. >> that's why there's not enough of it. if they raised the prices it would be easier to find a space. >> i'm with you on that. in the next hour the frequent flyer cliff. how to hold on to your airline first in '13 plus the retail stock that has been up every quarter in the first quarter for the last nine years. surprise there. we'll be right back. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ m
new york is getting a bad wrap for being the most expensive. there's a max in manhattan, $3 per hour. >> that's why there's not enough of it. if they raised the prices it would be easier to find a space. >> i'm with you on that. in the next hour the frequent flyer cliff. how to hold on to your airline first in '13 plus the retail stock that has been up every quarter in the first quarter for the last nine years. surprise there. we'll be right back. i got mine in iraq, 2003. usaa auto...
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Dec 27, 2012
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in upstate new york, back into maine, and new hampshire and vermont, the story is not rain, it's not even really that much in terms of wind, it's going to be snow. some spots up to a foot. so let's zoom in again on parts of the northeast. new york, you expect the temperatures to be about 38 degrees for a high. 32 in cleveland. very nice in the mid-atlantic and into the southeast. but in the nation's midsection, snow showers may pop up into the northern plains. central plains. but still very quiet in texas. and for the west coast, here you go, portland some scattered showers, early. then partly cloudy and very quiet from san francisco southward into l.a. san diego, some rain layer early, giving way to sunshine into the afternoon. back to you guys. >> okay. thank you, reynolds. appreciate that very much. let's get back to our guest host john kanas. talk about banking. a lot of regulations that are supposed to go into effect that kind of haven't yet. what's the biggest that you think is going to have the biggest impact 2013? >> a number of things. the cfpb is yet to come out with the de
in upstate new york, back into maine, and new hampshire and vermont, the story is not rain, it's not even really that much in terms of wind, it's going to be snow. some spots up to a foot. so let's zoom in again on parts of the northeast. new york, you expect the temperatures to be about 38 degrees for a high. 32 in cleveland. very nice in the mid-atlantic and into the southeast. but in the nation's midsection, snow showers may pop up into the northern plains. central plains. but still very...
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Dec 24, 2012
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is this your cousin morley in toronto or the morley safer in new york?" and i'm gonna say, "morley safer." and the next thing you know, i'm gonna be talking to you. >> marty cooper, the father of the cell phone, may be an octogenarian, but he continues to be a pioneer in the telecommunications industry. his company, arraycomm, remains at the forefront of smart antenna technology, with 400 patents issued or pending worldwide. well, that's this edition of 60 minutes on cnbc. i'm lesley stahl. thank you for joining us. captioning by captionmax www.captionmax.com ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. you know it can be hard to lbreathe, and how that feels.e
is this your cousin morley in toronto or the morley safer in new york?" and i'm gonna say, "morley safer." and the next thing you know, i'm gonna be talking to you. >> marty cooper, the father of the cell phone, may be an octogenarian, but he continues to be a pioneer in the telecommunications industry. his company, arraycomm, remains at the forefront of smart antenna technology, with 400 patents issued or pending worldwide. well, that's this edition of 60 minutes on cnbc....
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Dec 26, 2012
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. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and the heat is turning up on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happ
. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and...
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Dec 14, 2012
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we'll go to jim at the cme in chicago and the nymex in new york. jim, i would like to start with you. are you surprised by the move in crude? do you think maybe the oil market is doubting the china recovery here? >> i think it is one of two things. first to answer your question, yes i'm surprised. i think that manufacturing number should have caused crude to spike more. the fact that it hasn't means one of two things. one they either doubt the information or they doubt the story out of china or, two, there are other factors keeping crude lower. over the last few weeks it hasn't performed very well with the rest of the risk assets so to me this is a negative thing. i'm short-term negative crude. if it traded below 86.36 yesterday's low it would be more of a confirmation but the real confirmation would come about 85.75. it is mostly that it hasn't rallied off china. >> it really hasn't certainly. if we get a resolution of the fiscal cliff could that open us up for a rally here? >> i think so. when you listen to business leaders talking they are sayin
we'll go to jim at the cme in chicago and the nymex in new york. jim, i would like to start with you. are you surprised by the move in crude? do you think maybe the oil market is doubting the china recovery here? >> i think it is one of two things. first to answer your question, yes i'm surprised. i think that manufacturing number should have caused crude to spike more. the fact that it hasn't means one of two things. one they either doubt the information or they doubt the story out of...
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Dec 18, 2012
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let's start with howard in new york. >> booyah. i would like to add it to the portfolio. >> look, i think there was a deal in how we need this tubing that they make. but new corp today said things weren't looking that good. that tells me, newcorp is a better bet. jeff in san diego. the stock hit a 52 week high today. let's go to steve in michigan. >> booyah jim. my stock is cleveland cliff. it is staying alove the 7% dividend. it is a value trap of a by? let's go to mike. >> man, it is great. >> i'm a first time caller thank you for makeing it about the market. i bought hda. >> i think the situation is getting better. i would prefer to be in bristol myers. i like to sleep at night. i understand why people are coming back because of health care. thank you for taking my call. >> i was wondering about groupon? >> i'm wondering about what deal they gave me today. my take is that it is not a great stock. >> let's go to randal in california. >> hello. we know that every single one of them is going down. people are saying that sand ridge
let's start with howard in new york. >> booyah. i would like to add it to the portfolio. >> look, i think there was a deal in how we need this tubing that they make. but new corp today said things weren't looking that good. that tells me, newcorp is a better bet. jeff in san diego. the stock hit a 52 week high today. let's go to steve in michigan. >> booyah jim. my stock is cleveland cliff. it is staying alove the 7% dividend. it is a value trap of a by? let's go to mike....
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Dec 19, 2012
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ed in new york. >> thank you for taking my call. i was wondering about groupon as a speculative play. >> i'm wondering about what deal they gave me today. they have a lot of deals i'm not crazy about. my take is that it is not a great stock. it could rally. let's go to randal in california. >> hello mr. cramer. sandridge permian trust. thank you for introducing it on your show. >> i was going over these oil trusts. we know that every single one of them is going down. people are saying that sand ridge is having a tough time. and that is the conclusion of the lightning round. >> coming up gold mine? the world is demanding more resources than ever. the need to keep these workers safe is paramount. cramer is revealing the company with the solution just ahead. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll f
ed in new york. >> thank you for taking my call. i was wondering about groupon as a speculative play. >> i'm wondering about what deal they gave me today. they have a lot of deals i'm not crazy about. my take is that it is not a great stock. it could rally. let's go to randal in california. >> hello mr. cramer. sandridge permian trust. thank you for introducing it on your show. >> i was going over these oil trusts. we know that every single one of them is going down....
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Dec 5, 2012
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let's go to beth in new york. beth. >> after adding $100 million in share buybacks, where could chipotle mexican grill be headed? >> i like the fact that everyone has given up on them and they are now ready to expand the shop house kitchen thing. i think the $235 to $250 i said they bottomed but i'm bullish on them. need a boost? starbucks could be the right brew. they have a great price and because teavana is good. the lightning round is coming up next. >> keep up with cramer all day long. follow @jimcramer on twitter. >>> it is time for the lightning round. we are both kicking it back and forth whether to pull the trigger. you should have one too. knock out ko. allen in michigan. >> jim, booyah. i'm currently holding sprint and i've had a pretty decent gain. >> i don't want you to take that gain. i want to buy one. do not sell sprint it is a good one. matt in michigan. >> i was wondering about toyota or ford. >> i pulled up with the subaru guy. their business is good. i prefer ford to toyota. tracy in arkansas.
let's go to beth in new york. beth. >> after adding $100 million in share buybacks, where could chipotle mexican grill be headed? >> i like the fact that everyone has given up on them and they are now ready to expand the shop house kitchen thing. i think the $235 to $250 i said they bottomed but i'm bullish on them. need a boost? starbucks could be the right brew. they have a great price and because teavana is good. the lightning round is coming up next. >> keep up with cramer...
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Dec 3, 2012
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high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree. you call it a mole hill. what do you mean? >> i think it's sold as a cliff as if we're going to fall entirely off and have this massive fiscal tightening next year. what is more likely is a modest tax hike and spending cuts and most things extended and we live to fight for another day. i personally think we will have fiscal cliffs over and over the next several years. if you have a modest fiscal tightening next year, it's nothing new for the economy. we have had 1% for every year of the recovery. the deficit has improved by about 3.5% in the first 3 1/2 years of the recovery. so a little more modest fiscal tightening hasn't stopped the recovery and probably won't ne
high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree. you call it a mole hill. what do you mean? >> i think it's sold...
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Dec 12, 2012
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let's go to stewart in new york. >> how you doing? i love you like the giants and i have a winner for you for next year. >> well, um okay. it is okay. frankly, i prefer others to it. um, for instance, i would even prefer chesapeake to it right now. and that says a lot. i was going to do my stafford imitation. it gets better. here take this. it is the conclusion of the lightning round. coming up, a world away. yum brands has made a meal ticket out of china. investors cooled the stocks and send the shares to the fryer. has wall street lost its appetite for fast food? just ahead. >>> nobody is more passionate about the market than i am. you are why i come out here and do this show. >> the stuff that you are doing for all of us is so important and i want to say thank you. >> we watch every day and we count on your help for small investors like us. >> put cramer's experience to work for you. "mad money" weeknights on cnbc. >> what are we supposed to do with yum brands? the parent of kfc, taco bell, pizza hut. until weeks ago it was perceiv
let's go to stewart in new york. >> how you doing? i love you like the giants and i have a winner for you for next year. >> well, um okay. it is okay. frankly, i prefer others to it. um, for instance, i would even prefer chesapeake to it right now. and that says a lot. i was going to do my stafford imitation. it gets better. here take this. it is the conclusion of the lightning round. coming up, a world away. yum brands has made a meal ticket out of china. investors cooled the...
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Dec 3, 2012
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now the "new york post" is saying that best buy's founder is still, in their words, a long ways from making a firm bid on the electronic retailer. so what do you do now, joe? >> i think we left out a little bit of the sound bite there that said first you play through the options market. then a couple days later i came back and said i was a lousy call. >> are you accusing us of taking something out of context? >> you would never do that. let me just say, it is a bad call and i actually believed that it would happen by thanksgiving. it has not. i want to credit pete an jerry who completely took the other side of it. he was correct. what do you do with best buy right now? you put it in the penalty box, unfortunately. i heat to use that term again but that's what you do. >> the best thing that could happen for potential buyers of best buy is they just wait and do nothing. it will keep getting cheaper and cheaper. i don't see any urgency. you're probably not in a great place for an imminent deal here if you're long. i think it is something you just watch from the sidelines. >> that means
now the "new york post" is saying that best buy's founder is still, in their words, a long ways from making a firm bid on the electronic retailer. so what do you do now, joe? >> i think we left out a little bit of the sound bite there that said first you play through the options market. then a couple days later i came back and said i was a lousy call. >> are you accusing us of taking something out of context? >> you would never do that. let me just say, it is a bad...
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Dec 4, 2012
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let me ask you about the new york stock exchange. not exactly new to you. talk us to about business right now. >> we're repositioning a legendary resort in miami. we also just won the concession to build the old post office building in d.c. so we're going to convert it into a luxury hotel. we're finding very interesting deals. there's not a lot ofly widty out there. there's not a lot of lending happening for large-scale development projects. we're in a good position where we have a lot of cash in the bank, and we're able to take advantage of that discrepancy. >> are you finding deals and taking advantage of those deals as a result of low interest rates? what's the catalyst? a lot of people are worried about fiscal cliff and sort of reluctant to put money to work. why are you so active? >> it's all about appropriate amounts of leverage. you can't borrow a lot, so you have to have the cash to be able to build. when you have a conservative capital structure and you're buying iconic assets in great cities, i think you'll do very well over time. traditionally, t
let me ask you about the new york stock exchange. not exactly new to you. talk us to about business right now. >> we're repositioning a legendary resort in miami. we also just won the concession to build the old post office building in d.c. so we're going to convert it into a luxury hotel. we're finding very interesting deals. there's not a lot ofly widty out there. there's not a lot of lending happening for large-scale development projects. we're in a good position where we have a lot of...
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Dec 28, 2012
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now, the new york and new jersey port is just one port that could be impacted by this. it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a s
now, the new york and new jersey port is just one port that could be impacted by this. it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the...
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Dec 10, 2012
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we are live at the new york stock exchange. brought to you by the numbers of 21 and 4. 21 day ises to the end of thetof the year and 4 days for congress to make a deal. how about this for headline? will aging childless voters enslave my future grand children? controversial, yes. spot on, maybe. the author is here. >> indeed he is tp we have a really big show coming up for you. now the markets are still stuck pretty much in neutral. no major gains as we wait out the outcome. keep an eye on macdonald's. same day sales coming in much longer than expected. let's find out what is happening on the floor of the new york stock exchange. mary thompson, what are traders telling you? ? >> this is what they are saying. waiting for news on the fiscal cliff and what ben bernanke if he have anything to say about the fiscal cliff after two-day meeting by federal reserve. they are also watching for bond action. i want to touch on something you were saying. mcdonald's, a a contributor to the dow strength. these are contributing, very moderate st
we are live at the new york stock exchange. brought to you by the numbers of 21 and 4. 21 day ises to the end of thetof the year and 4 days for congress to make a deal. how about this for headline? will aging childless voters enslave my future grand children? controversial, yes. spot on, maybe. the author is here. >> indeed he is tp we have a really big show coming up for you. now the markets are still stuck pretty much in neutral. no major gains as we wait out the outcome. keep an eye on...
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Dec 18, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are there more gains ahead? we bring in right now liz ann sanders from charles schwab and alan gael and eric steuben from russell investment, darryl pearl from epoch investments standing by who will give us a reaction to the oracle earnings once those numbers cross the wires. they should be coming out momentarily. here's the number to look for, 61 cents a share on earnings is what we're expecting on revenue of 9.02 billion. as soon as we get the numbers we'll see how oracle is doing. liz ann sanders, deal or no deal? what's your take on all of this? >> we'll have a deal.
i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are...
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Dec 12, 2012
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>> 25014, in new york i regulate the chair knits new york state. we have thousands of charities. including c 4s, from the rifle association to planned parenthood but we have discovered a new phenomenon of c4s set up to launder money and conceal folks spending money on political ads and mostly, attack ads. and the last election, the election that just finished, we haven't finished counting all of the numbers yet but we expect over $500 million was laundered through 501c4s that went into political activity. in new york, we have local elections next year, including mayor. and state elections. my regulation added to other regulations for offices for charities which requires any c4 spending money on campaigns to disclose expenditures and donors paying for that activity. >> specifically to report the percentage of expenditures going to state and local election nearing and if they spend $10,000 or more to disclose itemize schedule of expenses and contributions if they are trying to affect state and local elections. this is subject to review and public comment and so on and so forth. but
>> 25014, in new york i regulate the chair knits new york state. we have thousands of charities. including c 4s, from the rifle association to planned parenthood but we have discovered a new phenomenon of c4s set up to launder money and conceal folks spending money on political ads and mostly, attack ads. and the last election, the election that just finished, we haven't finished counting all of the numbers yet but we expect over $500 million was laundered through 501c4s that went into...
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Dec 4, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. this market not able to get anything going today as the fiscal cliff fears continue to hang over us. as you see, we turned negative right at 4:00. in fact, we're looking at a decline of about 13 points right her here. the nasdaq composite also under pressure to the tune of five. the s&p 500 down about two points on the session. i want to take a closer look at what moved the markets as we await any decisions out of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the
i'm maria bartiromo on the floor of the new york stock exchange. this market not able to get anything going today as the fiscal cliff fears continue to hang over us. as you see, we turned negative right at 4:00. in fact, we're looking at a decline of about 13 points right her here. the nasdaq composite also under pressure to the tune of five. the s&p 500 down about two points on the session. i want to take a closer look at what moved the markets as we await any decisions out of washington....
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Dec 20, 2012
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and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and the last couple of days i think the acid test, the market has been more subdued around all this political maneuvering. i don't know what you can do. i think you have to hold your breath and wait and hope they are not serious about letting us go over the cliff. you know, bernanke has worked so hard, and you're finally seeing some recovery in the housing market. the best numbers on an annualized basis since november of '09, right, and basically, you know, this gets kind of tossed, and, you know, you have kind of this infliction point with s
and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and...
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Dec 27, 2012
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dumping more snow in western new york. and by that time, new york city, you might see a few flurries. the worst of it is gone for you except the wind but now northern new england, parts of it, maine corks see a foot plus the snow coming through there. all of this, rain, the wind and snow, that will impact travel. as we head lou tonight some of the worst airports this evening will be around d.c. and as well as philadelphia and new york, numerous delays. hundreds of cancelations of pilots and usually -- about a would-hour delay is average around the new york city airports tonight. and even with the snow back on towards the west. now tomorrow, new york city is -- improving throughout the afternoon but morning pilots cog still be delayed and big-time delays continue there in boston and again, things will improve as we head towards friday and then we wait for a next storm coming out of the west now to bring rain and snow to the northeast. >> all right. thank you, paul. paul goodloe from the weather channel. now a series of heal
dumping more snow in western new york. and by that time, new york city, you might see a few flurries. the worst of it is gone for you except the wind but now northern new england, parts of it, maine corks see a foot plus the snow coming through there. all of this, rain, the wind and snow, that will impact travel. as we head lou tonight some of the worst airports this evening will be around d.c. and as well as philadelphia and new york, numerous delays. hundreds of cancelations of pilots and...
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Dec 20, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing in the plus column with a gain of six points, and the s&p 500 up about eight points, one-half of 1% at 1433. closing in on the fiscal cliff deadline still with no deal in sight, let's find out how you should be investing in the face of the fiscal cliff fiasco. we want to dig deeper into the nyc/i.c.e. deal as well announced today, that it means for you and the global exchanges. gentlemen, welcome. thanks soechg for joining us. >> thanks. >> thanks for having me. >> let me kick this off with you in terms of the fiscal cliff. give me your strategy, deal or no
i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing...
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Dec 18, 2012
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we're live at the new york markets. ♪ >> what is that song? that's horrible. >> l.l. cool jay. >> what? >> ll cool j. what's your problem? >> listen to him, like it's his job. >> the stock is up 100% to date and not everyone believes in this rebound. karen, who is bullish and ge, who is bearish. karin, state your case. >> there is a lot to love about bank of america. proving real estate market, that will help him. consumer spending will improve. much improvement in the credit portfolio, rising interest rates will be good. i think we will see that and you will have declining litigation and other expensives. still trading at a significant amount to book and the only thing i don't like about it is that the stock has been up a lot recently. other than that, i still own it, not looking to trade around it. think is there room to run at bank of america. >> she makingses a cogent argum. there are a couple things in the short term. housing data that could be a bit of bogey. what about the delinquent loans on the books, if they turn into foreclosure, i think they will, i don't
we're live at the new york markets. ♪ >> what is that song? that's horrible. >> l.l. cool jay. >> what? >> ll cool j. what's your problem? >> listen to him, like it's his job. >> the stock is up 100% to date and not everyone believes in this rebound. karen, who is bullish and ge, who is bearish. karin, state your case. >> there is a lot to love about bank of america. proving real estate market, that will help him. consumer spending will improve. much...
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Dec 1, 2012
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. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eking out gains as traders wait on washington. a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. this is much more than a single stock story because yum is looked at as a barometer for china growth. >> this year as mcdonald's was signaling that china was weakening we are seeing sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. just gave guidance on october 10. to me they may have a bit of a credibility problem. the other one we were talking about is tiffany's. they have downgraded yesterday and that was also based on china. you are getting it on both sides of the spectrum. >> that is a great point in terms of their
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eking out gains as traders wait on washington. a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. this is much more than a single stock story because yum is looked at as a barometer for china growth. >>...
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Dec 19, 2012
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. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local merchants. >> right. we've talked about this. work really hard on our competitiveness. quality and value, quality and value, it's always a dance. i think we are fundamentally more competitive. and i'm looking you in the eye and saying, hey, we are going to be competitive unlike product because we're going to continue to grow the company. >> you have been doing terrific work rolling out private label. >> right. >> is there a balance? some people want to see those branded in the store, don't want all private label. other people, some of the branded companies, they can't
. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local...
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Dec 14, 2012
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maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier
maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to...
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Dec 15, 2012
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let's go to robin in new york. robin. >> caller: hey, jim. a foxy and festive boo-yah from new york. >> sweet. >> caller: i'm known as the natural queen. and i'm calling about -- it's near its high. it has competition from larger companies for export licenses. where do you stand on -- >> i think you should ring the register. i'd rather have you in cheniere energy partners, cqp, which does give you a yield, and take the nice gain. it's a terrific job you that brought that cheniere when you should. i like cheniere energy partners lp right now. let's go to kieran in florida right now. kieran. >> caller: kieran in florida. my tom is con ed. i've been buying if for the live five years. is it time tyke profit or -- >> no, con ed's fine. i'm telling people to buy it. it's like a pro fiscal cliff stock. john. >> caller: john k. in florida. jim, i'd like to say merry christmas to you and yours. >> thank you. same to you. >> caller: my stock is fortress investor group. f.i.g. >> i prefer kkr financial. and i also prefer blackstone. i think they're bett
let's go to robin in new york. robin. >> caller: hey, jim. a foxy and festive boo-yah from new york. >> sweet. >> caller: i'm known as the natural queen. and i'm calling about -- it's near its high. it has competition from larger companies for export licenses. where do you stand on -- >> i think you should ring the register. i'd rather have you in cheniere energy partners, cqp, which does give you a yield, and take the nice gain. it's a terrific job you that brought that...
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Dec 10, 2012
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. >> i'm going to new york and marc. >> caller: i just know what i should do with mellonox. >> i want to sell the stock. let's go to lewis in florida. >> caller: jim, boo-yah. i'm interested in northern tier energy. nti. >> i don't trust that yield. i don't trust that yield. let's do more work, the-year-old is gigantic. i think it will end up being a red flag, it's a challenge flag and i think it's going to be a good challenge. let's go to tom in wisconsin. tom? >> caller: hey, jim, i'm calling from a nursing home. i want to ask you about a company rvc, regal bullet corporation. >> listen to me, partner, first of all thank you for calling in. that is a great industrial company, it's done nothing for a long time. i want you to stick with it. it's got a good yield, it's a very well run company, i have liked it for 35 years. keep it. let's go to jason in virginia. >> caller: i need some help, the stock emed, they reported last month double digit profit, double digit earnings, i'm down 34%. i do add more on this? >> we have to do more on that, we cannot tell you get in and jump in with bo
. >> i'm going to new york and marc. >> caller: i just know what i should do with mellonox. >> i want to sell the stock. let's go to lewis in florida. >> caller: jim, boo-yah. i'm interested in northern tier energy. nti. >> i don't trust that yield. i don't trust that yield. let's do more work, the-year-old is gigantic. i think it will end up being a red flag, it's a challenge flag and i think it's going to be a good challenge. let's go to tom in wisconsin. tom?...
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Dec 19, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about th
i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues....
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Dec 3, 2012
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the rest are new york, new jersey, illinois and nevada. four out of five are judicial states where you need a judge to sign off on each foreclosure. nevada seeing a big slowdown due to new laws there protecting borrowers. expect to see more of a drop in foreclosures in the coming months. both fannie mae and freddie mac announcing their usual foreclosure moratorium for the holidays. most banks halt foreclosures for 90 days in new york and new jersey. clear capital will release a report tomorrow showing home price gains weakening rather dramatically in november and they're warning all bets are off on housing improvements should we go over the fiscal cliff. >>> speaking of housing, would you buy a mortgage from walmart? or how about a mortgage from an onlime payment providing like paypal? results after new survey, what does it mean for banks and consumers in the next half-hour. >>> a deal may be in the works involving two of the best known airlines. delta is in talks to buy 49% of virgin atlantic from it current shareholder which is singapore
the rest are new york, new jersey, illinois and nevada. four out of five are judicial states where you need a judge to sign off on each foreclosure. nevada seeing a big slowdown due to new laws there protecting borrowers. expect to see more of a drop in foreclosures in the coming months. both fannie mae and freddie mac announcing their usual foreclosure moratorium for the holidays. most banks halt foreclosures for 90 days in new york and new jersey. clear capital will release a report tomorrow...
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Dec 10, 2012
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now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two states have huge foreclosure backlogs. they need brisk buy flg order to eat up that distress. we want to keep that in perspective. people say taking away this deduction will raise home prices and drop purchasing power. but we have to remember that the interest deduction is used by 27% of borrowers. what is interesting is that older americans are getting hit with it more because they usually would move out of their large homes by now and they today stay in place because they weren't able to sell during the housing crash. guys? >> diana, does it soften the blow if they am amoreties out? >> when we talk about this mortgage interest deduction, it is about a buyer getting in there. whether first time bite buyer or move up buyer, saying, the reason i want to do this is for the kick back, the deduction. you take that away, guess what? that puts you back on the fen and not buying a home. wheth
now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two states have huge foreclosure backlogs. they need brisk buy flg order to eat up that distress. we want to keep that in perspective. people say taking away this deduction will raise home prices and drop purchasing power. but we have to remember that the interest deduction is used by 27% of borrowers. what is interesting is that older americans are...
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Dec 21, 2012
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and then we had sandy in the new york, new jersey, long island. but i think there's somewhat of a shorter term duration. people are interested in their homes, they want to furnish. in our case it's not something that if they delayed, they don't come back. it's a question of getting back. >> well, i think that -- i was surprised your stock sold off. i think it is because of the confidence issue. it's certainly not because of how you're doing. the retail looks good, the stores look good, merchandise looks good, you're doing a lot of things right. >> jim, another major advantage that we have is our service. we have now 1,200 interior designers that work for the company retail division, plus we have designers who work for licensees providing personal service of interior designers, white glove service to our consumers free, both complementary. it gives us a great competitive advantage because each interior designer is like an entrepreneur. in the last three years we've added 600. so we are positioned well. >> you're in very good shape. thank you also f
and then we had sandy in the new york, new jersey, long island. but i think there's somewhat of a shorter term duration. people are interested in their homes, they want to furnish. in our case it's not something that if they delayed, they don't come back. it's a question of getting back. >> well, i think that -- i was surprised your stock sold off. i think it is because of the confidence issue. it's certainly not because of how you're doing. the retail looks good, the stores look good,...
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Dec 4, 2012
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let's go to glenn in new york. glenn? >> caller: ski daddy, my stock is apple. >> i think you're fine with apple. i think there's a fantastic piece in the "washington post" yesterday, i urge you to get it in the business sector. talks about the five myths of apple and why the stock could go higher and i agree. let's go to ellis in new york, ellis? >> caller: wondering your thoughts on pharma, atrs. >> this thing has doubled. it's a needle stock. we have not had good luck recommending needle stocks. i'm not going to go for it. joey in colorado, joey? >> caller: hello. booyah jim cramer. how about lynn energy, buy, sell or hold? >> linn energy is terrific. let's go to jude in my home state of new jersey. >> caller: how are you? >> okay. >> caller: what do you think of american eagle outfitters? >> take the money and run. you got a good one and now you can go. that's a hard business, that apparel business. i need to go to mary in new york. >> caller: i'm wondering about knight capital. >> i think limited upside. i think that
let's go to glenn in new york. glenn? >> caller: ski daddy, my stock is apple. >> i think you're fine with apple. i think there's a fantastic piece in the "washington post" yesterday, i urge you to get it in the business sector. talks about the five myths of apple and why the stock could go higher and i agree. let's go to ellis in new york, ellis? >> caller: wondering your thoughts on pharma, atrs. >> this thing has doubled. it's a needle stock. we have not had...
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Dec 26, 2012
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i'm down here at the new york stock exchange. bob pisani is down here at the new york stock exchange. we have rick santelli in chicago. bob, you have been trying all day to figure out a retail dilemma. have you figured it out yet? >> i think i have. it's been bugging me all day. we have mastercard saying retail sales up 0.7% for the holiday season. the national retail federation comes out and says their survey indicates it will be up 4.1%. i know it's different surveys but that's a big, big difference. it didn't make sense to me. i asked mastercard how exactly they're computing this survey and what they include and what they exclude. i think you ought to know these facts the company provided to me. number one, their mastercard survey includes the week of hurricane sandy which was the last week of october. some of these companies don't. secondly, the survey excludes nonholiday related categories, excludes food, excludes gas, excludes building materials. well, that's a very important piece of information. that may make up for the d
i'm down here at the new york stock exchange. bob pisani is down here at the new york stock exchange. we have rick santelli in chicago. bob, you have been trying all day to figure out a retail dilemma. have you figured it out yet? >> i think i have. it's been bugging me all day. we have mastercard saying retail sales up 0.7% for the holiday season. the national retail federation comes out and says their survey indicates it will be up 4.1%. i know it's different surveys but that's a big,...
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buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish...
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Dec 1, 2012
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york and new jersey and california. so we have mountains of evidence that proves this. and my concern is look, if we raise these tax rates, we're putting the united states of america, this great great country of ours, at a more competitive disadvantage and it leads to outsourcing of jobs. we all want to see jobs brought back to the united states of america, not leaving our great country. >> let me respectfully disagree with my good friends larry and steve here. the fact of the matter is, our tax is a high tax state even though i did cut taxes. our unemployment rate never went much over 6.5%. it has been consistently much below the nation's unemployment rate the entire time. secondly, what you're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was under george bush or barack obama. so i think your case is good in th
york and new jersey and california. so we have mountains of evidence that proves this. and my concern is look, if we raise these tax rates, we're putting the united states of america, this great great country of ours, at a more competitive disadvantage and it leads to outsourcing of jobs. we all want to see jobs brought back to the united states of america, not leaving our great country. >> let me respectfully disagree with my good friends larry and steve here. the fact of the matter is,...
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i do "the new york post." >> no, you -- >> you saw me looking at the cover of "the new york post" this morning. >> yeah, i did. >> for all the wrong reasons. >> leering at it. do you have a deal with ponch to continually look at -- >> to plug "the new york times" stories you're saying? >> yeah. >> no, i don't. but i thought it was a good story and it is a good paper. >> pinch? >> it's ponch. >> that's the guy on chips. okay, i'm sorry. >> all right, you know, i was looking at a story out of the "usa today" -- >> eric estrada. >> about how the military has all of this video, and the air force is now seeking some help to go through all this video and kind of get a better idea of what they actually have and they're reaching out to espn and other experts in video analysis. >> of what? >> a flood of video footage that's been coming through and they're reaching out to people -- >> from drones and stuff? >> from drones that are flying over. so they have tons and tons of footage but they need to have better ways to analyze all this footage. nobody can figure out what it is and how do you do an
i do "the new york post." >> no, you -- >> you saw me looking at the cover of "the new york post" this morning. >> yeah, i did. >> for all the wrong reasons. >> leering at it. do you have a deal with ponch to continually look at -- >> to plug "the new york times" stories you're saying? >> yeah. >> no, i don't. but i thought it was a good story and it is a good paper. >> pinch? >> it's ponch. >>...
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rob in new jersey. >> caller: hi, jim. a sexy boo-yah to you from new york city. i love you and everything that you do on your show, and i subscribe to everything you have. >> yes! thank you! >> caller: you're welcome. a few months ago you mentioned merrimack pharmaceutical, mrck, as a good biotech stock. i'm in at age 50. what is your opinion -- >> i think you have to buy more. i feel very good about that. remember, these specs don't necessarily pan out, but i do believe in merrimack, and i would urge you to stick with it. i'm going to rick in kentucky. rick. >> caller: rick in louisville, kentucky, home of the kentucky derby. race horse boo-yah. >> sweet. >> caller: my question is a retail company opened up location close to me. i think it's the best location in the city called cabela's. and to me that store is like a disneyland for grown-ups. >> i totally agree with you. unfortunately, they've had a spate of warm weather weather. it's a cold weather stock. as they told you in the conference call. but i do think cabela's is terrific. it may not explode yet but i
rob in new jersey. >> caller: hi, jim. a sexy boo-yah to you from new york city. i love you and everything that you do on your show, and i subscribe to everything you have. >> yes! thank you! >> caller: you're welcome. a few months ago you mentioned merrimack pharmaceutical, mrck, as a good biotech stock. i'm in at age 50. what is your opinion -- >> i think you have to buy more. i feel very good about that. remember, these specs don't necessarily pan out, but i do...
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unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for us. >> i don't have a legitimate answer for you. none of these transactions are going to close this year, not a result of let's get something done by year end to avoid capital gains. >> something changed in people's attitudes, david. >> pent up demand for dealmaking that's been there. maybe a reflection that okay, going to get something done and so i feel a littl
unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge...